Here’s why the Pursuit Minerals (ASX:PUR) share price is frozen

Pursuit Minerals Ltd (ASX: PUR) shares have been placed in a trading halt pending a capital raise. Earlier today the company released an investor presentation, detailing how the capital will be raised and how the funds will be used.

Pursuit share price halted

Following the close of Monday’s trading session, and at the request of the company, Pursuit shares entered a trading halt. The trading halt was expected to last until 1 April or until an announcement was made. Although the company released an investor presentation today, the company’s shares have so far remained halted. Pursuit noted that the raise will be managed by CPS Capital…